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v3.25.2

Property, Plant and Equipment, Net | 12 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment, Net [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | Note 9 — PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, consist of the following:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | S$ |  |  | S$ |  |  | US$ |
Leasehold buildings and leasehold improvement* |  |  | 7,850,784 |  |  |  | 8,288,008 |  |  |  | 6,164,379 |
Computers |  |  | 67,657 |  |  |  | 70,635 |  |  |  | 52,536 |
Office equipment |  |  | 48,315 |  |  |  | 49,695 |  |  |  | 36,962 |
Machinery |  |  | 530,183 |  |  |  | 530,182 |  |  |  | 394,335 |
Furniture, fixtures & fittings |  |  | 57,721 |  |  |  | 61,971 |  |  |  | 46,092 |
Motor vehicles |  |  | 2,045,884 |  |  |  | 2,745,758 |  |  |  | 2,042,215 |
Subtotal |  |  | 10,600,544 |  |  |  | 11,746,249 |  |  |  | 8,736,519 |
Less: Accumulated depreciation and amortization |  |  | (4,788,661 | ) |  |  | (5,346,692 | ) |  |  | (3,976,715 | )
Property, plant and equipment, net |  |  | 5,811,883 |  |  |  | 6,399,557 |  |  |  | 4,759,804 |
| * | Leasehold buildings and leasehold improvements include construction in progress amounting to S$433,263 (US$322,009), which is expected to be completed by February 2028. The construction is financed through bank borrowings, as disclosed in Note 12.
Depreciation expenses of owned assets for the years ended March 31, 2023, 2024 and 2025 amounted to S$287,043, S$316,843 and S$339,675 (US$252,640), respectively. Certain leasehold properties are pledged to the banks for the Company’s bank loans (Note 12). No impairment loss had been recognized during the years ended March 31, 2023, 2024 and 2025, respectively. The carrying value of property, plant and equipment on finance lease arrangements held by the Company are summarized as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | S$ |  |  | S$ |  |  | US$ |
Motor vehicles |  |  | 1,559,976 |  |  |  | 2,241,131 |  |  |  | 1,666,888 |
Less: Accumulated amortization |  |  | (1,136,177 | ) |  |  | (1,406,214 | ) |  |  | (1,045,901 | )
Motor vehicles, net |  |  | 423,799 |  |  |  | 834,917 |  |  |  | 620,987 |
Amortization expenses of assets under finance lease arrangements for the years ended March 31, 2023, 2024 and 2025 amounted to S$253,062, S$219,170 and S$270,036 (US$200,845), respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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